About your Search

20121108
20121108
SHOW
( more )
STATION
MSNBC 22
MSNBCW 22
FOXNEWS 19
CNN 17
CNNW 17
FBC 13
KGO (ABC) 10
KPIX (CBS) 9
CNBC 8
SFGTV2 8
WHUT (Howard University Television) 8
CSPAN 7
KQED (PBS) 7
WJLA (ABC) 7
( more )
LANGUAGE
English 271
Search Results 0 to 49 of about 273 (some duplicates have been removed)
to washington-- if the u.s. goes over the fiscal cliff, it would push the economy into a recession. and late today, a top credit rating agency puts the odds of going off the cliff at 15%. plus, how g.o.p. economic policies could change as election day demographics change. that and more tonight on nbr! the u.s. economy would be driven into recession next year if the fiscal cliff is not solved in time. that's the warning again today from the congressional budget office. and the standard and poor's ratings agency said there's an increasing chance we will go over that cliff of tax increases and spending cuts. it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the end of next year if the cliff is triggered. those s&p comments hit the market in the last 30 minutes of trading, extending yesterday's sharp losses. the do
the equator, its elevation in the andes gives it a mild climate. and you have aibranty and somtourist economy.ings on the surrounding hillsides, adequate rainfall and fertile volcanic soils sustain agriculture. but the same natural forces that sustain the economy are also a source of danger. hoping to avoid a agedy, geographer patty mothes maps and monitors several volcanoes for ecuador's geophysica institute,nclu tunguhua. she is looking for any changes that might signal an eruption. moes and onofhese ways thate hat is to put a prism that's highly reflective, or a number of prisms up on the flanks of the volcano, and then, shooting with this very high-powered laser beam... narrator: the beams reflect off the prisms and back to patty's measuring device. it canetsubthanges in t shapef the mountain, changes that may forecast an eruption and save lives. their concern is based on history. inside a church, a mural recalls a deadly eruption in 1773. it happened again in 1886 and 1918. so why do people live in such a dangerous place? some people simply cannot afford to move, due to limited economic means
at the president has done with the economy, it is very far reaching, just across the country women have access to capital to start small business, let's not forget his very, very first bill that he signed in to law was lily ledbetter fair pay act. it's a tremendous accomplishment. i think that shows his devotion and his commitment to women. >> first thing you have to ask is, what are women concerned about today, it's jobs, job security, opportunities for themselves and for their loved ones and in particular for their kidss there a brighter future. this is mitt romney's message to women to all americans. is that he is going to put in to place economic policies that will create growth which will create the jobs, be the energy to small businesses start growing again. >> we asked the experts whether reproductive rights is a decisive issue for women voters this year. >> it is for the barack obama campaign. they think that's the way they're going to keep their women. suggest that women would vote about who's going to pay for their contraception, that is more of an issue than are my loved ones workin
of the economy, but this is has consumption fall as a share of gdp. >> exactly. and this is not a new issue. so we can't expect that just a new bunch of people come in, that the situation will change anytime soon. there are serious structural issues why china remains investment led rather than consumption led and the it would take big and far reaching policy reform to change that. >> will we see these reforms in light of the reports coming out of china as we mentioned with eunice just a few moments ago that perhaps we're not necessarily seeing as a reformist of a leadership for the next couple of years? >> yes, we don't really know what the new leadership is. in fact, for the last ten year, hu jintao was the leader, but the previous leader was in the background and he retained a lot of influence. and now the new leader will have not just hu jintao to deal with, but also his predecessor. so two who he'll have to deal with. 20 old people who used to be on the bureau, all of which will be exercising some influence. so i think this new leadership will be rather constrained at least for the first co
to be in the first term. there are parallels to reagan and clinton who had first terms and successful economies for the second terms. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do the thing that is barack obama when you sailed in on hope and change hoped he could do? >> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to move forward on a series of fronts and further strengthen our economy. we are not losing 800,000 jobs a month anymore. we are gaining them. and that foundation that has been laid it is a foundation on which we can build progress. >> one is i understand that the first
congress the same problems. the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerr he sad the reelection of the president is not a mandate to ise taxes. this is a huge debate. can hey come together? >> i elieve we can seize the futre together. we're not as divided as our politics suggest as
. it is an anomaly. is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises. he will be installed as the new general secretary next week. outside, china looks increasingly modern. there is a widespread sense that growth is slipping and what is needed now is more reform. but a fear that the party may not be able to relax the market still has on part of the economy or submit itself to more checks and balances. >> the pressure for real reforms is building in chinese society. the last 10 years were a lost decade. >> instead, the communist party has tightened its hold and become more intolerant of those who question its right to will. this way, a taxi drivers have been told
for the economy in what they plan to do over the next quarter, two quarters. >> it is an interesting point, and certainly one in following what andy said, ceos take a longer-term view of business cycles. one of the things that we do at the business roundtable is survey them every quarter, and resurvey them on three importance components. what did they do, they're likely head of sales, increase, decrease cost data same. are they going to employ more people, less people, the same. what did they believe their sales and capital expenditure will be. the last quarterly survey that we did which was back in september was one of the highest in terms of the level of uncertainty, the level of uncertainty was very worrisome. gerri: finally, that's my question. so many ceos have written letters, formed organizations. they have been in newspapers begging, really, for some kind of attention to the economy, to grow jobs, to reduce costs and regulation. now we find out, now we know that barack obama will be president for another four years. are they encouraged her discouraged? let's face it. a lot of ceos
as the economy begins to level of a lot of procedures that haven't happened that would have been delayed will have a whole lot more coming into the market. so near-term, uncertainty is a little bit of a concern but longer-term with demographics we think it is an excellent way and we invest longer than the end of the year. it is that three to five your time period and when you have a situation where stocks are found but macro headlines make investors run for the exit for temporary period we find that to be a great buying opportunity. liz: good to see you both. thank you. call it a change of heart. former governor tim pawlenty have gone from bashing banks to working for them as the ceo of financial services round table. why the change of heart? the second president obama term. tim pawlenty joining us exclusively. dave: america voted for the status quo on capitol hill but did one party actually gain the upper hand. live in washington with a story that could surprise you. liz: one wire co. facing a lawsuit for overstating the fuel economy for their vehicles. is this car in your list or your
funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: for the first time in four years, president obama did not have to worry about re-election today. still, there was little time to savor tuesday's victory, in the face of a potential fiscal crisis at the end of the year. "newshour" correspondent kwame holman begins our coverage on this day after the election of 2012. >> reporter: mr. obama departed his hometown of chicago this afternoon for washington, his home for another four years. waiting for him: a still- divided congress now facing a critical lame duck session. the president made it clear in his victory speech last night that he thinks the country wants an end to gridlock. >> tonight, you voted for action, not politics as usual. ( applause ) you elected us to focus on your jobs,
cannot win in this economy, then the tipping point has been reached. >> reporter: on the president's "to do" list, economic growth and jobs. immigration reform. and the top priority, those tax cuts set to expire come midnight new year's eve. but whatever difficulties might lie ahead, the president seized his moment early this morning, staking his claim in history with a nod of the lofty rhetoric of his convention speech eight years ago. and his hopes for what might be. >> i believe we can seize this future together, because we are not as divided as our politics suggest. and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> reporter: and in that vein, diane, president obama reached out to the house and senate republican leadership, they also pledged to work together to solve this nation's problems. of course, the challenge is turning that rhetoric into reality. diane? >> and we have more on that in a moment. thank you so much, jake. >>> but what about governor romney? after so many years, such a long campaign. what
's second-largest economy. he'll look ahead to the coming years and talk about the challenges chinese face. the communist party congress runs for seven days, then hu and other top officials will hand power to another group of new leaders. we'll get back to the story a little later. >>> cradle of culture. economic powerhouse. many enjoy the fruits of prosperity along the path to a new china, but millions are missing out. at a time of growing public discontent, members of the communist party are choosing their new leaders. "newsline" correspondents will report from the party's national congress. don't miss our special coverage, "china: the next generation" starting thursday, november 8th at 8:00 p.m. japan time, here on "newsline." >>> china is the world's second biggest economy and party members were watching what happened in the first. ramin mellegard joins us from the business desk. we saw many americans celebrating the re-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really c
at the barber shop run by ivan loyd. obama has another chance to get the economy back on track. ?an he do it chairma >> when you see things that are happening on the economic front and the last couple months, that is a good sign. >> if you think obama is on the right track? >> yes. >> how to deal with a country so undivided. the wealth gap is clear. so is the ideological divide. the president has to work with a split congress. in the senate they strengthen the narrow majority. in the lower house, republicans still have solid control. spending is where the first battle looms. legally government spending could be cut automatically by six under $20 million. >> we are ready to be led, not as democrats or republicans, but as americans theory of we want you to leave, not as -- but as americans. we want you to lead as president of the united states of america. >> some will not back down. no deal, and the resulting debt crisis will stall economic recovery. >> it is no surprise he called for economic unity. trust in the government is at an all-time low. the political camps are digging their heels
's ten years at the top. it was the world's sixth largest economy. now it's the second largest. >> reporter: we asked nhk world's -- >> reporter: china has faced diplomatic and domestic challenges over the last decade under president hu jintao's leadership. >> reporter: hu promoted what he called the concept of scientific development. the policy aims to create a harr mounce society. the process required slower growth. the hu administration abolished a tax farmers had to pay based on the size of harvests. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consolidation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats, and so, public anger with the government is simmering. migrant workers in cities and students looking for work are among those who are upset. >> translator: it's so difficult to find a job. >> reporter: hu also faced dissatisfaction ethnic minorities hav
exclusively to the one member of the bipartisan fix the debt campaign on the key to make sure the economy doesn't fly over the edge, please. >>> price-gouging runs rampant in the wake of superstorm sandy from gas to generators to bread, new york attorney general eric schnderman says he has heard enough and he is here in another fox business exclusive to explain just how he is cracking down. even when they say it is not, it is always about money. melissa: first let's take a look at the day's market headlines of the bears went on a campaign after last night's election. stocks posted their wor day of the year with investors spooked er fiscal cliff fears as well as renewed concerns over europe's debt crisis. that didn't go away by the way. the dow plunged 312 points, closing below 13,for the first time since september 4th. bank of america led losses for the dow diving more than 7%. shares of jpmorgan also fell more than 5%. one of the few bright spots on the day, hospital stocks, shares of industry giant, hca holdings rallied more than 9%. the only place to hide today. >>> our top story tonig
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
. everyone is going to play nice if we want the economy to grow. >> what about dividend payers? these companies are getting crushed as people speculate where dividend taxes go. jim, are you a buyer? you want to stay away? what do you want to do with dividend payers? >> until i get some clarity on the fiscal cliff, i would probably stay away from anything that would be a tax-related issue. the dividend payers would be high on the list. as far as what to do, i would agree with joe. gold was the story before the election. the argument was we were electing a president and a monetary policy. we elected the president that's going to continue the easy monetary policy. gold has been one of the few things that's been working through the election. i suspect it will continue to. >> all right. jeff, in the energy complex itself, what's the best opportunity right now? is it crude? is it heating oil? is it natural gas? what are you looking at? >> if you're a weather player, you certainly want to buy the heating oil. the way we've seen the last couple of days here, the weather has been very u
-product of growing our economy, energized by a simpler cleaner fairer tax code with fewer loopholes and lower rates for all. >> reporter: democratic senate leader harry reid also says he wants a quick fix for the fiscal cliff. but, he was clearly feeling empowered by a strong showing in the election. >> i want to work together, but i want everyone to understand you can't push us around. >> reporter: and raising taxes on the well-off is clearly a top priority. >> all the exit polling, all the polling we've done, the vast majority of the american people support that, including rich people. >> reporter: many republicans see the election as more of a return to the status quo and that will make negotiations on the fiscal cliff tricky. >> the discussion around taxes will have to be calibrated in a way that recognizes that there are certain red lines for both parties that probably will not be crossed. >> reporter: now that the election is over, policy makers are likely to feel more pressure to reach an agreement to ease the fiscal cliff. the public clearly does not like the automatic spending cuts that ar
term. there are parallels to reagan and clinton who had first terms and successful economies for the second terms. that emboldened them to be braver than they might have been. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do, perhaps, the things that barack obama when he sailed in on hope and change hoped he could do? >> well, piers, i do believe the economy is improving. but i want to challenge a bit of your premise, one of the reasons the economy is improving is because this president was brave. it was brave to intervene and save the auto industry, which was not a popular decision at the time. it was brave to move forward on the recovery act. which again was not popular at the time. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. even though that was an unpopular thing to do. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that bravery and good decisions be
sector is still on a capital strike. if barack obama wants strong growth in the u.s. economy, he's going to have to extend his hand to the private interests that he vilified so much of the last two years to get reelected. dagen: more spending temecula of the federal reserve sitting ready and waiting make in our money and spend it. >> federal spending for the last 25 years has been to a percentage gdp. brock obama wanted to be for 23 percent of about 24%. the only way you can afford to do that if he extracts revenue out of the private sector. there is a real dilemma at the center of what he wants to do, and that is why i think we will be looking at gridlock for a little while. connell: okay. dagen: as always, be well. connell: we talked about the dow today being down a little bit, but nothing like yesterday. traders are calling it an obama sell-off, but the thing is, the polls consistently showing the president and the lead going into the election. why wasn't all that price did? brian jacobson. what do you think? >> i think it was partially priced in. it was basically a dead heat going in
to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my question is let's say that it's not a bungee, let's say it's a rope. so you jump and then you -- that woul
president hu's ten years at the top. it was the world's sixth largest economy. and now it's the second largest. and yet, while this nation's ranks of billionaires and millionaires have ballooned, millions still live on about a dollar a day. we asked nhk world's itch taca yamaka to take a look at president hu's accomplishments and the challenges facing the next generation. >> reporter: china has faced many domestic and diplomatic challenges over the past decade under president hu jintao's leadership. >> reporter: hu promoted what he called the concept of scientific development. the policy aims to create a harmon society, even if the process required slower growth. the hu administration abolished a two-year-old tax farmers had to pay based on the size of harvests. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consolidation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats,
leadership china has become the world's second- largest economy. as he was speaking, his successor, james ting, looked on. surrounded by former leaders -- xinping. president's hu spoke of the country's achievements but one corruption could prove fatal to the party. >> we must maintain a tough position in cracking down on corruption at all times and conduct a thorough investigation into major cases. all of those who violate party discipline and state laws, whoever they are, must be brought to justice without mercy. >> away from the congress, normal life continues. in china, the party decides. the public has no say. the future of a billion-plus people will be decided by just a handful of men. this woman says that president hu has done a great job and she is confident he will pick the right successor. but this man does not want to talk about politics. he says he will get in trouble as soon as we leave. it is a reminder that despite all the remarkable changes, china remains and authoritarians state. but with growing expectations but -- communist party was under great pressure to deliver. chin
to the economy. >> and that is a huge deal. the fact that president bush is still getting blamed for the economy is something that clearly is showing up in those poll numbers. lou: we appreciate it. thank you. great work last night. president obama winning a second term as his party added to its majority in the senate, counting independent democrats could have a caucus of 55 members up from 53. among the most closely watched races, a democrat elizabeth warren beating republican incumbent senator scott brown. and in indiana, the democratic congressman, jim donnelly, defeating richard. in missouri democratic incumbent successfully fought off a challenge by congressman taught a kid who was not able to recover from comments about women's bodies and pregnancies of an absurd nature. well, in virginia democrat tim kane defeated former fellow governor george allen in thh most expensive senate race in the country. more than $82 million spent on the race. in the house republicans retain their majority with at least 2303 seats. the democrats' 192. ten races have yet to be called. the republicans 233 seats
is, there are not enough young people smoking pot. what we need to get this country, the economy bubbling is more kids smoking pot. really great idea. that's fantastic. >> sean: is america shifting? we have always said it's a center-right country. tonight, i will be honest, i am not so sure. when i saw the exit polls which i didn't believe, i was very skeptical. in the end, the polls ended up being more right than any of us thought. it shows certain issues where i am thinking, if this is true, i felt liberals were answering this. has the country moved to the left? or 51%? >> it's going to be tough to get out of this, but, no, i don't think permanently. by the way, in 2004, it was the same thing with an incumbent, kerry got nearly 10 million more votes than gore. you had the whole media on kerry's side and he still couldn't beat bush and republicans were wiped out in the congressional election. i gather america was not thrilled with the republicans in the middle of the last decade. yet, incumbency triumphed. you didn't see democrats turning around and saying, now, i am going to be
the economy. we'll get insight from our panel of business chiefs. sure there may be a few things getting you down. i mean, you know, there is the fiscal cliff looming, political gridlock is running rampant but we've got four ways to keep your pockets flush with cash regardless what's ahead. more "money" coming up, we promise. ♪ ♪ . melissa: so only been two days since the election but executives and ceos are already reaching out to the administration agreeing with president obama's message, it is time to work together to rebuild our economy. sure. except what can you really do now that hasn't been tried already? businesses have to deal with the very real possibility of higher taxes and expenses and the president has to make it easier to do business here in the u.s., right? all right. we have assembled a panel to sort through all this. ed kinard, former bain capital managing director. the author of, unintended consequences. it is right there. clinton greenleaf, founder of greenleaf book group. thanks for coming back. we have jim amos, ceo of frozen yogurt chain, tasty delight. my favorite
counted as another job in the economy. so, you're right. it's important when you try to use this data to understand exactly what's in it, it's very gross measure. more importantly for us, we're sort of following the trend up or down. >> along those same lines, you start going into different professions and job descriptions and you do per capita income. again, it's important to know if someone is, you know, a single employer because oftentimes some of the lower paying jobs will be the fact that you may be getting the data from one of these jobs, not the multiple jobs that are -- because of the nature of the work it lends itself to having different employers. another thing i came up with here was the transportation piece. and i saw a huge number rider ship on the san bruno lines and historically the geary line was always the heaviest and the judah line for the light rail which remained real heavy, but i'm sort of surprised why the san bruno lines were as heavy as they are and that might be something we really want to look at for the future to see if there's anyway -- i know we'll have t
's why we have these two guys to start today. i me, one of great at winners of the american economy, steve case, who not only has such an impact with aol, but now with revolution is funding and helping to develop a whole range of companies with a variety of industries. meanwhile, but in the washington area has gotten incredibly involved in trying to help the u.s. government think more intelligently about competitiveness and entrepreneurship in particular. josh linkner, a local store here who runs detroit venture partners as an sure many of you know, it's are from detroit you certainly know that, a supporter of this event which were very grateful for, and i think it's symbolic of incredible new energy that is developing in detroit and i should also say that josh created a company called, in 1999 here in detroit, operating all this time. two weeks ago it sold for a nice exit. here's a story of a company, a local copy that came from here, when all the way and he's an real well with the. even vested in a ton of other companies. so i just want to start asking you, steve, you know, when i
a stark contrast to the president who wants the federal government to drive the economy. the campaign unfolded slowly as most persons did not know romney. and with all the high tech gizmos these days, it's difficult to get the attention of the folks. so i knew very early that the polling was insignificant and the debates would be the real test. as i said, these polls are interesting but they are not vital because of the debates, the three debates i think really going to the tale. >> i told you earlier this year when you said debates are going to be all important. i said the history shows they are not. >> bill: i'm so happy that you brought that up. can i just -- can i paraphrase barack obama? in the last debate? can i do that? >> of course. >> bill: can you say that a bit louder, brit? that's why i like hume, is he an honest man. as we all know the first debate was a major victory for governor romney. instantly made him competitive. but he did not exactly seize the day. his campaign played it conservative managing romney's appearances tightly scripting his media response. then in the
thought that was amazing. it's a command economy. maybe they can pull it off. if they do it, they can take the whole world with them up, up. >> the governor hinting perhaps the data to be released tonight, tomorrow in china, will be better than expected. hinting at continuing slow growth. slow but it is growth and that's the important thing coming to china. we're getting notes and recognize there's certain china stocks. truck engines. we are seeing that last month was good. now, that's very contrary to what a lot of other retail and people saying retail commentary, distorted by the weather. but this china trade is gaining momentum, not losing momentum. at the same time that i feel that united states is losing momentum. >> interesting comments out of the boe. we knew that central banks doing nothing and governors now saying, qe which they have been pouring on for a long time, going to flatten out at the asset purchase levels and not having the impact. >> china trade. second is housing. i think they haven't done enough to be able to revitalize to be what i regard as the housing part of the g
city with all these events and at the same time we're creating jobs and we're making sure our economy is boosting at the same time. we've been very successful at creating conditions to make sure that our investors and our entrepreneurs in this city maintain their investor confidence, allowing them to innovate, to grow and to create jobs. and whether they are a neighborhood or a small business or an international clean tech company or new technology company, they've got investor confidence in our city. we're also creating investor confidence because we have in working closely with our controller and all the other financial organizations of our city and all of our departments, we're now on a more financially stable responsible path. we've done our pension reform, it's not 100 percent, we've gt a big chunk of it down and we're going to continue doing the smart things to make sure that pension is solid. and we've got structural reforms in our budget as well. we passed our first two-year budget. that's a wonderful accomplishment, one that i'm interested in to continue it make sure we
.s. economy. >> and the g.o.p. offers an olive branch. the president hoping to >> the second honeymoon is over for president ob yaum yachl the fish credit rating agency warned of a down grade today. the worst one day loss in almost a year, so what do the next four years hold in store for the economy? >> by somest meats, 6s billion was spent on the presidential campaign. now will there be a shot in the arm for the economy?yp" >> the economy is just limping along. there are same leaders at the white house]y:eu, where s the change? >> the big selloff seemed to send a message. ash wagner owns a small business in campbell. >> i know several friends started selling stock this morning. >> what did that tell you?. >> that people are not excited about the future of our economy. >> wagner's company has 14 employees. he hopes to expand next year. he doesn't want to bring new later. means less money left tom"c build more jobs. >> the ceo of a software company is hoping the divide in congress can be bridged. >> this is an opportunity to bring that bipartisan nature in front of us here to deliver on promi
the most if we allow the economy to go over the cliff. and i think if nothing is done the economy will go over a cliff. who gets blamed lex they blame the republicans now. the democrats won the election. the voters are not always rational. the way they hand out blame. there's a lot of speculation going on right now at leadership levels in both houses and both parties, with the white house briefing a huge sigh of relief that the polls were all right, but now we are stuck with this for four more years. how do we deal with this? i don't think anybody knows how the lame-duck is really going to work, other than, you know, will be a continuing resolution. will be a kick the can down the road kind of resolution. the question is how many things will be added to the train as it's moving through and what shape will it be, and that's great uncertainty. >> congressman gephardt, as senator bennet just like that, this could get pretty messy even if they come up with some solution that involves duct tape and kleenex but it could get ugly before it is resolved. and doesn't that affect the leverage here f
on the economy in the first year of this ten-year. that is slowing down the gdp by four percentage points that's kicking us into a deep recession. >> i think everybody's aware of that. i don't think that anybody, whether new members coming in now or whether existing members who have been there for a while i don't think anybody has any illusions of the urgency of this. it doesn't mean it's going to be easy. john boehner has to deal with the problems he had to deal with a year ago in terms of his caucus. it's really important that we are in a place where we're further away from the 2010 victory for the tea party. the members of his caucus that were most difficult to deal with a summer ago, those people were coming off of a huge victory in 2010, now much further down road and coming off -- many got re-elected tuesday but the whole political environment has changed given the success of not just president obama but democrats more broadly in congress. and it does change everyone's incentive structure. there's no one, no one, who is politically well affected positively affected if the country drops i
Search Results 0 to 49 of about 273 (some duplicates have been removed)